November 2021 Market Update - Buncombe County

November's data is in, and in most cases, it's more of the same. The image below shows a few key data points relative to November last year, and we'll highlight a couple of month-to-month comparisons as well. 

The number of new listings decreased 3% from Nov. last year, and it decreased by 28% from October of this year - that's 48 fewer listings added to the market from October to November this year, continuing the trend of decreasing supply. The months of available inventory dipped a little from 1.4 to 1.3, confirming that yes, we are still in a seller's market. 

Despite this lack of inventory, the number of homes sold increased both year-over-year and month-over-month. Homes went under contract in an average of 8 days in November, a one-day (14%) increase from October and a 50% decrease from November last year.

Average sale prices continue to rise - November saw a 24% increase from last year, but only a 1% increase from October. Most properties continue to sell at about 99% of their listing price. 

Want to dig in to this data even more? Call one of our agents and talk about how you can leverage these numbers to meet your real estate goals!